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Golem is both a cryptocurrency and a peer-to-peer network with the GLM token serving as the internal currency. The project was initially designed as a decentralized supercomputer. Its nodes make up a single computer. They are designed to solve certain problems. The developers aim to create a global computing market as a single decentralized network. Let’s read about the cryptocurrency and compare Golem (GLM) price prediction.
Golem (GLM) Overview
Like many blockchain projects, Golem organized an ICO to raise funds for development. The training camp took place in November 2016. Sales ended in 20 minutes. The team raised 820,000 ETH or $8 mln at the time of sale. For every 1 ETH contributed, investors received 1000 project tokens.
The total amount of issued coins was 1 billion GLM. 82% of them were sold, and 18% the developers left for themselves. Why Golem has decided to issue so many coins? Such huge emissions can be explained by the following reasons:
- Simplified block mining;
- Operational transactions;
- Low risk of illegal operations and frauds.
GLM Coin Fundamental Value
GLM (Golem Network Token) has several functions on the Golem platform:
- Payments between Applicants and IT Resource Providers
- Payment to software developers
- Compensation of testers / validators of new software implemented on the platform.
Suppliers offer networks their capacities for various calculations. Users who need the power for certain computing act as customers and rent resources from suppliers. Using special software, customers set up a specific list of tasks for performers. When the cost suits both sides of the transaction, the automatic division of subtasks takes place.
Distribution of subtasks will be performed by computing nodes (suppliers). System participants can change their category, and switch the role from customers to suppliers. When all the fragments of the completed task are sent, a GLM payment is sent.
Software developers have their own tasks. They deal with various programmatic issues in order to improve the platform. The network provides a registry for applications. By using it, anyone can sell their own developed software. The author has the right to set the price and determine the payment option.
The creators of Golem allow everyone to rent idle capacity. It will be used to perform such tasks as:
- Cgi rendering (generating graphics on a computer, for example, for special effects in films) and processing graphics on a computer;
- Scientific calculations: in biology (dna analysis), in mathematics (monte carlo method), in chemistry and physics (creation of materials of a fundamentally new generation);
- Business analytics: predicting market trends, analyzing large amounts of data;
- Cryptography: factorization of large numbers, support for mining pools and more;
- Machine learning – processing large data sets and training neural networks on them.
Information about Golem (GLM) coin
Golem has become pretty popular in crypto community thanks to the following advantages:
- The platform is built on Ethereum, which allows developers to correctly write smart contracts;
- Attractiveness and relevance in the community of the main idea of a startup;
- Use of the Ethereum blockchain guarantees uninterrupted operation and system security;
- The platform can be used to solve a wide variety of tasks, which makes it universal;
- Privacy – all calculations are performed on a virtual computer. However, suppliers cannot influence processing in any way. They also do not have access to the processed information;
- The team includes developers who are known in professional circles;
- Anyone can get coins, even a person far from cryptocurrencies. To do this, simply install the desired program on the PC.
In 2019, the popularity of Golem raised together with related news. For example, in June 2019, CEO Julian Zawistowski announced the launch of a new division called the Golem Foundation.
Golem Price Analysis
According to the latest data gathered, the current price of Golem is $$0.28, and GLM is presently ranked No. 119 in the entire crypto ecosystem. The circulation supply of Golem is 1,000,000,000 GLM, with a market cap of $275,350,387.74.
In the past 24 hours, the crypto has increased by $0.01 in its current value.
For the last 7 days, GLM has been in a good upward trend, thus increasing by 1.52%. Golem has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of GLM has increased by 4.06%, adding a colossal average amount of $0.01 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Golem Prediction Table
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Golem Price Prediction 2022
According to the technical analysis of Golem prices expected in 2022, the minimum cost of Golem will be $0.269973. The maximum level that the GLM price can reach is $0.29997. The average trading price is expected around $0.279972.
GLM Price Forecast for November 2022
Based on the price fluctuations of Golem at the beginning of 2022, crypto experts expect the average GLM rate of $0.279972 in November 2022. Its minimum and maximum prices can be expected at $0.249975 and at $0.279972, respectively.
December 2022: Golem Price Forecast
Cryptocurrency experts are ready to announce their forecast for the GLM price in December 2022. The minimum trading cost might be $0.269973, while the maximum might reach $0.29997 during this month. On average, it is expected that the value of Golem might be around $0.279972.
Golem Price Prediction 2023
After the analysis of the prices of Golem in previous years, it is assumed that in 2023, the minimum price of Golem will be around $0.39996. The maximum expected GLM price may be around $0.489951. On average, the trading price might be $0.409959 in 2023.
Golem Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Golem, in 2024, GLM is expected to have the following minimum and maximum prices: about $0.559944 and $0.69993, respectively. The average expected trading cost is $0.579942.
Golem Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Golem and their fluctuations during the previous years. It is assumed that in 2025, the minimum GLM price might drop to $0.819918, while its maximum can reach $0.959904. On average, the trading cost will be around $0.849915.
Golem Price Prediction 2026
Based on the analysis of the costs of Golem by crypto experts, the following maximum and minimum GLM prices are expected in 2026: $1.46 and $1.22. On average, it will be traded at $1.26.
Golem Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Golem. Based on their predictions, the estimated average GLM price will be around $1.88. It might drop to a minimum of $1.82, but it still might reach $2.10 throughout 2027.
Golem Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Golem. It is estimated that GLM will be traded between $2.63 and $3.12 in 2028. Its average cost is expected at around $2.71 during the year.
Golem Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Golem’s price. The year 2029 will be determined by the maximum GLM price of $4.61. However, its rate might drop to around $3.92. So, the expected average trading price is $4.05.
Golem Price Prediction 2030
After years of analysis of the Golem price, crypto experts are ready to provide their GLM cost estimation for 2030. It will be traded for at least $5.63, with the possible maximum peaks at $6.93. Therefore, on average, you can expect the GLM price to be around $5.83 in 2030.
Golem Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Golem’s price. The year 2031 will be determined by the maximum GLM price of $9.89. However, its rate might drop to around $8.69. So, the expected average trading price is $8.98.
FAQ
Golem price now
As of now, Golem (GLM) price is $0.28 with Golem market capitalization of $275,141,681.90.
Is Golem a good investment?
The forecast for Golem price is quite positive. It is expected that GLM price might meet a bull trend in the nearest future. We kindly remind you to always do your own research before investing in any asset.
Can Golem rise?
It seems that the average price of Golem might reach $0.279972 in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $1.88. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc.
How much will Golem be worth 2023?
GLM minimum and maximum prices might hit $0.39996 and $0.489951 accordingly.
How much will Golem be worth 2025?
Golem network is developing rapidly. GLM price forecast for 2025 is rather positive. The GLM average price is expected to reach minimum and maximum prices of $0.819918 and $0.959904 respectively.
How much will Golem be worth 2030?
GLM is provided with suitable environment to reach new heights in terms of price. GLM price prediction is quite positive. Business analysts predict that GLM might reach the maximum price of $6.93 by 2030. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice. None of the information provided is